How to Stake Livepeer (LPT): A Step-by-Step Guide for South Africans

Introduction

Staking Livepeer can be an excellent choice for those looking to hold LPT while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. Acquire Livepeer (LPT) Tokens
To stake Livepeer, you first need to acquire it. To obtain Livepeer, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
PrimeXBT Livepeer (LPT) 2,95
Binance Livepeer (LPT) 2,96
BTSE Livepeer (LPT) 2,96
Coinbase Livepeer (LPT) 2,96
Kraken Livepeer (LPT) 2,95
OKX Livepeer (LPT) 3,82
View all 53 prices
2. Select a Livepeer Wallet
Once you have LPT, you'll need to choose a Livepeer wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Binance Livepeer (LPT) Up to 18,9% APY
BTSE Livepeer (LPT) Up to 9,27% APY
View all 5 staking rewards available
3. Delegate Your LPT
We recommend using a staking pool when staking LPT. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LPT, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Livepeer network. You'll be rewarded with LPT for these validations.

Platform	Mint	Cost
PrimeXBT	Livepeer (LPT)	2,95
Binance	Livepeer (LPT)	2,96
BTSE	Livepeer (LPT)	2,96
Coinbase	Livepeer (LPT)	2,96
Kraken	Livepeer (LPT)	2,95
OKX	Livepeer (LPT)	3,82

Platform	Mint	Staking rewards in South Africa
Binance	Livepeer (LPT)	Up to 18,9% APY
BTSE	Livepeer (LPT)	Up to 9,27% APY

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.